Wind Turbines Market, Update 2016 - Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2020

  • ID: 4043191
  • Report
  • 171 pages
  • GlobalData
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Wind Turbines Market will Peak at $81 Billion in 2019 before Falling in 2020
Technological developments have paved way for more effective and reliable equipment and machinery, making wind one the most reliable source on power in the global market. The growth of the wind energy market is fueled by declining cost of wind power generation and growing environmental concerns. Furthermore, wind power technology is being supported by financial incentives from various governments across the world.

Global wind turbines market is expected to increase to US$ 81.14 Billion in 2019 from US$ 76.54 Billion in 2015. However, it is estimated to show a slight dip and reach US$ 71.21 Billion in 2020. In 2015, the Americas, Asia-Pacific, and Europe, Middle East, and Africa (EMEA) region accounted for US$ 19.96 Billion, US$ 30.09 Billion, and US$ 26.49 Billion market values, respectively.

In 2015, China’s leading position in the wind turbines market was followed by Germany with 16% (worth US$ 12.4 Billion), the US with 15% (worth US$ 11.3 Billion), and Brazil with 6% (worth US$ 4.5 Billion). India, the UK, and Canada contributed a considerable share of about 3-4% each, while the Rest of the World (RoW) accounted for 19% of the global wind turbines market value.

In 2020, it is estimated that China will continue to lead the market with 26% share, followed by Germany with 10% (worth US$ 6.8 Billion), the UK with 8% (worth US$ 5.7 Billion), and the US with 7% market share (worth US$ 4.8 Billion). France, India, and Mexico is estimated to contribute a considerable share of about 4-6% each, while RoW is expected to hold 36% of the global wind turbines market value.

As per Swathi Gupta, Analyst, “Despite the initial year-on-year growth of the wind turbine market during the forecast period, the expiration of Production Tax Credits (PTC) in the US market in 2020 will have a negative impact on global wind turbine installations and market value in the same year.”

The report “Wind Turbines Market, Update 2016 - Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2020” is a comprehensive information and understanding of the global Wind Turbines Market. The report offers in-depth analysis of wind turbine market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (the US, Canada, Mexico, Brazil, China, India, Germany, the UK, France, Turkey, South Africa) level. The report analyzes the wind turbine market value and volume for the historic (2010-2015) and forecast (2016-2020) period.

In depth, this report provides the following analysis:
- Provides detailed analysis of the growth of wind turbine market with a focus on market value and volume in global and regional level including Asia-Pacific, Americas, Europe, and Middle East and Africa.
- Provides wind turbine market analysis for key countries including the US, Canada, Mexico, Brazil, China, India, Germany, the UK, France, Turkey, and South Africa.
- Provides country level wind turbine market value and volume for the historical (2010-2015) and forecast (2016-2020) periods.
- Helps to identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the wind turbine market.

Companies mentioned in this report: Goldwind Science & Technology, Vestas Wind, GE Power, Siemens AG, Gamesa Corporacion, Guodian United Power, Enercon GmbH, Envision Energy, China Ming Yang Wind Power, CSIC Haizhuang Wind Power, Shanghai Electric Wind Power, Senvion SE, Nordex SE, XEMC Wind Power, Dongfang Electric, Windey Wind, Acciona Energia.
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1. List of Tables and Figures

2 Introduction

2.1 Wind Turbines Market, Overview

2.2 Wind Turbines Market, Technology Definition and Classification

2.3 Wind Turbines Market, System Components

2.4 Report Guidance

3 Wind Turbines Market, Global

3.1 Wind Turbines Market, Global, Overview

3.2 Wind Turbines Market, Global, Market Value ($bn), 2010-2020

3.3 Wind Turbines Market, Global, Country Share by Annual Additions (%), 2015

3.4 Wind Turbines Market, Global, Annual Additions (GW), 2010-2020

3.5 Wind Turbines Market, Global, Average Turbine Size (MW), 2010-2020

3.6 Wind Turbines Market, Global, Value Chain Analysis

3.7 Wind Turbines Market, Global, Cost Analysis

3.7.1 Wind Turbines Market, Global, Onshore and Offshore Wind Farm Cost Comparison, 2015

3.7.2 Wind Turbines Market, Global, Major Component Share in the Total Turbine Cost, 2015

3.7.3 Wind Turbines Market, Global, Average Turbine Price ($/kW), 2010-2020

3.8 Wind Turbines Market, Global, Drivers and Restraints

3.8.1 Wind Turbines Market, Global, Drivers

3.8.2 Wind Turbines Market, Global, Restraints

3.9 Wind Turbines Market, Global, Competitive Landscape, 2015

4 Wind Turbines Market, Americas

4.1 Wind Turbines Market, Americas, Overview

4.2 Wind Turbines Market, Americas, Market Value ($bn), 2010-2020

4.3 Wind Turbines Market, Americas, Annual Additions (GW), 2010-2020

4.4 Wind Turbines Market, US

4.4.1 Wind Turbines Market, US, Overview

4.4.2 Wind Turbines Market, US, Market Value ($m), 2010-2020

4.4.3 Wind Turbines Market, US, Annual Additions (MW), 2010-2020

4.4.4 Wind Turbines Market, US, Average Turbine Size (MW), 2010-2020

4.4.5 Wind Turbines Market, US, Average Turbine Price ($/kW), 2010-2020

4.4.6 Wind Turbines Market, US, Competitive Landscape, 2015

4.5 Wind Turbines Market, Canada

4.5.1 Wind Turbines Market, Canada, Overview

4.5.2 Wind Turbines Market, Canada, Market Value ($m), 2010-2020

4.5.3 Wind Turbines Market, Canada, Annual Additions (MW), 2010-2020

4.5.4 Wind Turbines Market, Canada, Average Turbine Size (MW), 2010-2020

4.5.5 Wind Turbines Market, Canada, Average Turbine Price ($/kW), 2010-2020

4.5.6 Wind Turbines Market, Canada, Competitive Landscape, 2015

4.6 Wind Turbines Market, Mexico

4.6.1 Wind Turbines Market, Mexico, Overview

4.6.2 Wind Turbines Market, Mexico, Market Value ($m), 2010-2020

4.6.3 Wind Turbines Market, Mexico, Annual Additions (MW), 2010-2020

4.6.4 Wind Turbines Market, Mexico, Average Turbine Size (MW), 2010-2020

4.6.5 Wind Turbines Market, Mexico, Average Turbine Price ($/kW), 2010-2020

4.6.6 Wind Turbines Market, Mexico, Competitive Landscape, 2015

4.7 Wind Turbines Market, Brazil

4.7.1 Wind Turbines Market, Brazil, Overview

4.7.2 Wind Turbines Market, Brazil, Market Value ($m), 2010-2020

4.7.3 Wind Turbines Market, Brazil, Annual Additions (MW), 2010-2020

4.7.4 Wind Turbines Market, Brazil, Average Turbine Size (MW), 2010-2020

4.7.5 Wind Turbines Market, Brazil, Average Turbine Price ($/kW), 2010-2020

4.7.6 Wind Turbines Market, Brazil, Competitive Landscape, 2015

5 Wind Turbines Market, Asia-Pacific

5.1 Wind Turbines Market, Asia-Pacific, Overview

5.2 Wind Turbines Market, Asia-Pacific, Market Value ($bn), 2010-2020

5.3 Wind Turbines Market, Asia-Pacific, Annual Additions (GW), 2010-2020

5.4 Wind Turbines Market, China

5.4.1 Wind Turbines Market, China, Overview

5.4.2 Wind Turbines Market, China, Market Value ($m), 2010-2020

5.4.3 Wind Turbines Market, China, Annual Additions (MW), 2010-2020

5.4.4 Wind Turbines Market, China, Average Turbine Size (MW), 2010-2020

5.4.5 Wind Turbines Market, China, Average Turbine Price ($/kW), 2010-2020

5.4.6 Wind Turbines Market, China, Competitive Landscape, 2015

5.5 Wind Turbines Market, India

5.5.1 Wind Turbines Market, India, Overview

5.5.2 Wind Turbines Market, India, Market Value ($m), 2010-2020

5.5.3 Wind Turbines Market, India, Annual Additions (MW), 2010-2020

5.5.4 Wind Turbines Market, India, Average Turbine Size (MW), 2010-2020

5.5.5 Wind Turbines Market, India, Average Turbine Price ($/kW), 2010-2020

5.5.6 Wind Turbines Market, India, Competitive Landscape, 2015

6 Wind Turbines Market, EMEA

6.1 Wind Turbines Market, EMEA, Overview

6.2 Wind Turbines Market, EMEA, Market Value ($bn), 2010-2020

6.3 Wind Turbines Market, EMEA, Annual Additions (GW), 2010-2020

6.4 Wind Turbines Market, Germany

6.4.1 Wind Turbines Market, Germany, Overview

6.4.2 Wind Turbines Market, Germany, Market Value ($m), 2010-2020

6.4.3 Wind Turbines Market, Germany, Annual Additions (MW), 2010-2020

6.4.4 Wind Turbines Market, Germany, Average Turbine Size (MW), 2010-2020

6.4.5 Wind Turbines Market, Germany, Average Turbine Price ($/kW), 2010-2020

6.4.6 Wind Turbines Market, Germany, Competitive Landscape, 2015

6.5 Wind Turbines Market, UK

6.5.1 Wind Turbines Market, UK, Overview

6.5.2 Wind Turbines Market, UK, Market Value ($m), 2010-2020

6.5.3 Wind Turbines Market, UK, Annual Additions (MW), 2010-2020

6.5.4 Wind Turbines Market, UK, Average Turbine Size (MW), 2010-2020

6.5.5 Wind Turbines Market, UK, Average Turbine Price ($/kW), 2010-2020

6.5.6 Wind Turbines Market, UK, Competitive Landscape, 2015

6.6 Wind Turbines Market, France

6.6.1 Wind Turbines Market, France, Overview

6.6.2 Wind Turbines Market, France, Market Value ($m), 2010-2020

6.6.3 Wind Turbines Market, France, Annual Additions (MW), 2010-2020

6.6.4 Wind Turbines Market, France, Average Turbine Size (MW), 2010-2020

6.6.5 Wind Turbines Market, France, Average Turbine Price ($/kW), 2010-2020

6.6.6 Wind Turbines Market, France, Competitive Landscape, 2015

6.7 Wind Turbines Market, Turkey

6.7.1 Wind Turbines Market, Turkey, Overview

6.7.2 Wind Turbines Market, Turkey, Market Value ($m), 2010-2020

6.7.3 Wind Turbines Market, Turkey, Annual Additions (MW), 2010-2020

6.7.4 Wind Turbines Market, Turkey, Average Turbine Size (MW), 2010-2020

6.7.5 Wind Turbines Market, Turkey, Average Turbine Price ($/kW), 2010-2020

6.7.6 Wind Turbines Market, Turkey, Competitive Landscape, 2015

6.8 Wind Turbines Market, South Africa

6.8.1 Wind Turbines Market, South Africa, Overview

6.8.2 Wind Turbines Market, South Africa, Market Value ($m), 2010-2020

6.8.3 Wind Turbines Market, South Africa, Annual Additions (MW), 2010-2020

6.8.4 Wind Turbines Market, South Africa, Average Turbine Size (MW), 2010-2020

6.8.5 Wind Turbines Market, South Africa, Average Turbine Price ($/kW), 2010-2020

6.8.6 Wind Turbines Market, South Africa, Competitive Landscape, 2015

7 Appendix

7.1 Abbreviations

7.2 Bibliography

7.3 Market Definitions

7.3.1 Power

7.3.2 Installed Capacity

7.3.3 Electricity Generation

7.3.4 Electricity Consumption

7.3.5 Thermal Power Plant

7.3.6 Hydropower Plant

7.3.7 Nuclear Power

7.3.8 Renewable Energy Resources

7.3.9 Wind Turbine

7.4 Research Methodology

7.4.1 Secondary Research

7.4.2 Primary Research

7.5 Disclaimer

List of Tables

Table 1: Wind Turbines Market, Global, Market Value ($bn), 2010-2020

Table 2: Wind Turbines Market, Global, Country Share by Annual Additions (%), 2015

Table 3: Wind Turbines Market, Global, Annual Additions (GW), 2010-2020

Table 4: Wind Turbines Market, Global, Average Turbine Size (MW), 2010-2020

Table 5: Wind Turbines Market, Global, Comparison of Capital Cost Breakdown for Typical Onshore and Offshore Wind Power Systems

Table 6: Wind Turbines Market, Global, Component Share in Total Turbine Cost (%)

Table 7: Wind Turbines Market, Global, Average Turbine Price ($/kW), 2010-2020

Table 8: Wind Turbines Market, Global, Market Share (%), 2015

Table 9: Wind Turbines Market, Americas, Market Value ($bn), 2010-2020

Table 10: Wind Turbines Market, Americas, Annual Additions (GW), 2010-2020

Table 11: Wind Turbines Market, US, Market Value ($m), 2010-2020

Table 12: Wind Turbines Market, US, Annual Additions (MW), 2010-2020

Table 13: Wind Turbines Market, US, Average Turbine Size (MW), 2010-2020

Table 14: Wind Turbines Market, US, Average Turbine Price ($/kW), 2010-2020

Table 15: Wind Turbines Market, US, Market Share (%), 2015

Table 16: Wind Turbines Market, Canada, Market Value ($m), 2010-2020

Table 17: Wind Turbines Market, Canada, Annual Additions (MW), 2010-2020

Table 18: Wind Turbines Market, Canada, Average Turbine Size (MW), 2010-2020

Table 19: Wind Turbines Market, Canada, Average Turbine Price ($/kW), 2010-2020

Table 20: Wind Turbines Market, Canada, Market Share (%), 2015

Table 21: Wind Turbines Market, Mexico, Market Value ($m), 2010-2020

Table 22: Wind Turbines Market, Mexico, Annual Additions (MW), 2010-2020

Table 23: Wind Turbines Market, Mexico, Average Turbine Size (MW), 2010-2020

Table 24: Wind Turbines Market, Mexico, Average Turbine Price ($/kW), 2010-2020

Table 25: Wind Turbines Market, Mexico, Market Share (%), 2015

Table 26: Wind Turbines Market, Brazil, Market Value ($m), 2010-2020

Table 27: Wind Turbines Market, Brazil, Annual Additions (MW), 2010-2020

Table 28: Wind Turbines Market, Brazil, Average Turbine Size (MW), 2010-2020

Table 29: Wind Turbines Market, Brazil, Average Turbine Price ($/kW), 2010-2020

Table 30: Wind Turbines Market, Brazil, Market Share (%), 2015

Table 31: Wind Turbines Market, Asia-Pacific, Market Value ($bn), 2010-2020

Table 32: Wind Turbines Market, Asia-Pacific, Annual Additions (GW), 2010-2020

Table 33: Wind Turbines Market, China, Market Value ($m), 2010-2020

Table 34: Wind Turbines Market, China, Annual Additions (MW), 2010-2020

Table 35: Wind Turbines Market, China, Average Turbine Size (MW), 2010-2020

Table 36: Wind Turbines Market, China, Average Turbine Price ($/kW), 2010-2020

Table 37: Wind Turbines Market, China, Market Share (%), 2015

Table 38: Wind Turbines Market, India, Market Value ($m), 2010-2020

Table 39: Wind Turbines Market, India, Annual Additions (MW), 2010-2020

Table 40: Wind Turbines Market, India, Average Turbine Size (MW), 2010-2020

Table 41: Wind Turbines Market, India, Average Turbine Price ($/kW), 2010-2020

Table 42: Wind Turbines Market, India, Market Share (%), 2015

Table 43: Wind Turbines Market, EMEA, Market Value ($bn), 2010-2020

Table 44: Wind Turbines Market, EMEA, Annual Additions (GW), 2010-2020

Table 45: Wind Turbines Market, Germany, Market Value ($m), 2010-2020

Table 46: Wind Turbines Market, Germany, Annual Additions (MW), 2010-2020

Table 47: Wind Turbines Market, Germany, Average Turbine Size (MW), 2010-2020

Table 48: Wind Turbines Market, Germany, Average Turbine Price ($/kW), 2010-2020

Table 49: Wind Turbines Market, Germany, Market Share (%), 2015

Table 50: Wind Turbines Market, UK, Market Value ($m), 2010-2020

Table 51: Wind Turbines Market, UK, Annual Additions (MW), 2010-2020

Table 52: Wind Turbines Market, UK, Average Turbine Size (MW), 2010-2020

Table 53: Wind Turbines Market, UK, Average Turbine Price ($/kW), 2010-2020

Table 54: Wind Turbines Market, UK, Market Share (%), 2015

Table 55: Wind Turbines Market, France, Market Value ($m), 2010-2020

Table 56: Wind Turbines Market, France, Annual Additions (MW), 2010-2020

Table 57: Wind Turbines Market, France, Average Turbine Size (MW), 2010-2020

Table 58: Wind Turbines Market, France, Average Turbine Price ($/kW), 2010-2020

Table 59: Wind Turbines Market, France, Market Share (%), 2015

Table 60: Wind Turbines Market, Turkey, Market Value ($m), 2010-2020

Table 61: Wind Turbines Market, Turkey, Annual Additions (MW), 2010-2020

Table 62: Wind Turbines Market, Turkey, Average Turbine Size (MW), 2010-2020

Table 63: Wind Turbines Market, Turkey, Average Turbine Price ($/kW), 2010-2020

Table 64: Wind Turbines Market, Turkey, Market Share (%), 2015

Table 65: Wind Turbines Market, South Africa, Market Value ($m), 2010-2020

Table 66: Wind Turbines Market, South Africa, Annual Additions (MW), 2010-2020

Table 67: Wind Turbines Market, South Africa, Average Turbine Size (MW), 2010-2020

Table 68: Wind Turbines Market, South Africa, Average Turbine Price ($/kW), 2010-2020

Table 69: Wind Turbines Market, South Africa, Market Share (%), 2015

Table 70: Abbreviations

List of Figures

Figure 1: Wind Turbines Market, Global, Basic Turbine Components

Figure 2: Wind Turbines Market, Global, Market Value ($bn), 2010-2020

Figure 3: Wind Turbines Market, Global, Country Share by Annual Additions (%), 2015

Figure 4: Wind Turbines Market, Global, Annual Additions (GW), 2010-2020

Figure 5: Wind Turbines Market, Global, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 6: Wind Turbines Market, Global, Average Turbine Size (MW), 2010-2020

Figure 7: Wind Turbines Market, Global, Value Chain Activities

Figure 8: Wind Turbines Market, Global, Average Turbine Price ($/kW), 2010-2020

Figure 9: Wind Turbines Market, Global, Market Share (%), 2015

Figure 10: Wind Turbines Market, Americas, Market Value ($bn), 2010-2020

Figure 11: Wind Turbines Market, Americas, Annual Additions (GW), 2010-2020

Figure 12: Wind Turbines Market, Americas, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 13: Wind Turbines Market, US, Market Value ($m), 2010-2020

Figure 14: Wind Turbines Market, US, Annual Additions (MW), 2010-2020

Figure 15: Wind Turbines Market, US, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 16: Wind Turbines Market, US, Average Turbine Size (MW), 2010-2020

Figure 17: Wind Turbines Market, US, Average Turbine Price ($/kW), 2010-2020

Figure 18: Wind Turbines Market, US, Market Share (%), 2015

Figure 19: Wind Turbines Market, Canada, Market Value ($m), 2010-2020

Figure 20: Wind Turbines Market, Canada, Annual Additions (MW), 2010-2020

Figure 21: Wind Turbines Market, Canada, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 22: Wind Turbines Market, Canada, Average Turbine Size (MW), 2010-2020

Figure 23: Wind Turbines Market, Canada, Average Turbine Price ($/kW), 2010-2020

Figure 24: Wind Turbines Market, Canada, Market Share (%), 2015

Figure 25: Wind Turbines Market, Mexico, Market Value ($m), 2010-2020

Figure 26: Wind Turbines Market, Mexico, Annual Additions (MW), 2010-2020

Figure 27: Wind Turbines Market, Mexico, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 28: Wind Turbines Market, Mexico, Average Turbine Size (MW), 2010-2020

Figure 29: Wind Turbines Market, Mexico, Average Turbine Price ($/kW), 2010-2020

Figure 30: Wind Turbines Market, Mexico, Market Share (%), 2015

Figure 31: Wind Turbines Market, Brazil, Market Value ($m), 2010-2020

Figure 32: Wind Turbines Market, Brazil, Annual Additions (MW), 2010-2020

Figure 33: Wind Turbines Market, Brazil, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 34: Wind Turbines Market, Brazil, Average Turbine Size (MW), 2010-2020

Figure 35: Wind Turbines Market, Brazil, Average Turbine Price ($/kW), 2010-2020

Figure 36: Wind Turbines Market, Brazil, Market Share (%), 2015

Figure 37: Wind Turbines Market, Asia-Pacific, Market Value ($bn), 2010-2020

Figure 38: Wind Turbines Market, Asia-Pacific, Annual Additions (GW), 2010-2020

Figure 39: Wind Turbines Market, Asia-Pacific, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 40: Wind Turbines Market, China, Market Value ($m), 2010-2020

Figure 41: Wind Turbines Market, China, Annual Additions (MW), 2010-2020

Figure 42: Wind Turbines Market, China, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 43: Wind Turbines Market, China, Average Turbine Size (MW), 2010-2020

Figure 44: Wind Turbines Market, China, Average Turbine Price ($/kW), 2010-2020

Figure 45: Wind Turbines Market, China, Market Share (%), 2015

Figure 46: Wind Turbines Market, India, Market Value ($m), 2010-2020

Figure 47: Wind Turbines Market, India, Annual Additions (MW), 2010-2020

Figure 48: Wind Turbines Market, India, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 49: Wind Turbines Market, India, Average Turbine Size (MW), 2010-2020

Figure 50: Wind Turbines Market, India, Average Turbine Price ($/kW), 2010-2020

Figure 51: Wind Turbines Market, India, Market Share (%), 2015

Figure 52: Wind Turbines Market, EMEA, Market Value ($bn), 2010-2020

Figure 53: Wind Turbines Market, EMEA, Annual Additions (GW), 2010-2020

Figure 54: Wind Turbines Market, EMEA, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 55: Wind Turbines Market, Germany, Market Value ($m), 2010-2020

Figure 56: Wind Turbines Market, Germany, Annual Additions (MW), 2010-2020

Figure 57: Wind Turbines Market, Germany, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 58: Wind Turbines Market, Germany, Average Turbine Size (MW), 2010-2020

Figure 59: Wind Turbines Market, Germany, Average Turbine Price ($/kW), 2010-2020

Figure 60: Wind Turbines Market, Germany, Market Share (%), 2015

Figure 61: Wind Turbines Market, UK, Market Value ($m), 2010-2020

Figure 62: Wind Turbines Market, UK, Annual Additions (MW), 2010-2020

Figure 63: Wind Turbines Market, UK, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 64: Wind Turbines Market, UK, Average Turbine Size (MW), 2010-2020

Figure 65: Wind Turbines Market, UK, Average Turbine Price ($/kW), 2010-2020

Figure 66: Wind Turbines Market, UK, Market Share (%), 2015

Figure 67: Wind Turbines Market, France, Market Value ($m), 2010-2020

Figure 68: Wind Turbines Market, France, Annual Additions (MW), 2010-2020

Figure 69: Wind Turbines Market, France, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 70: Wind Turbines Market, France, Average Turbine Size (MW), 2010-2020

Figure 71: Wind Turbines Market, France, Average Turbine Price ($/kW), 2010-2020

Figure 72: Wind Turbines Market, France, Market Share (%), 2015

Figure 73: Wind Turbines Market, Turkey, Market Value ($m), 2010-2020

Figure 74: Wind Turbines Market, Turkey, Annual Additions (MW), 2010-2020

Figure 75: Wind Turbines Market, Turkey, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 76: Wind Turbines Market, Turkey, Average Turbine Size (MW), 2010-2020

Figure 77: Wind Turbines Market, Turkey, Average Turbine Price ($/kW), 2010-2020

Figure 78: Wind Turbines Market, Turkey, Market Share (%), 2015

Figure 79: Wind Turbines Market, South Africa, Market Value ($m), 2010-2020

Figure 80: Wind Turbines Market, South Africa, Annual Additions (MW), 2010-2020

Figure 81: Wind Turbines Market, South Africa, Onshore and Offshore Annual Additions Share (%), 2010-2020

Figure 82: Wind Turbines Market, South Africa, Average Turbine Size (MW), 2010-2020

Figure 83: Wind Turbines Market, South Africa, Average Turbine Price ($/kW), 2010-2020

Figure 84: Wind Turbines Market, South Africa, Market Share (%), 2015
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The global wind turbines market is set to experience a degree of turbulence over the next few years, rising steadily from $76.54 billion in 2015 to $81.14 billion in 2019, and dipping to $71.21 billion in 2020.

The company’s latest report states that technological developments have paved the way for more effective and reliable equipment and machinery, making wind one of the most reliable sources of power in the global market. The steady growth of the wind energy market up to 2019 will be fuelled by declining costs of wind power generation, financial incentives by many governments, and growing environmental concerns.

Swati Gupta, Analyst covering Power, notes: “Despite the initial year-on-year growth of the wind turbine market during the forecast period, the expiration of Production Tax Credits (PTC) in the US market in 2020 will have a negative impact on global wind turbine installations and market value in the same year.

“The PTC for wind energy, which pays $23 per megawatt hour ($0.023 per kilowatt hour), will remain until 2016, followed by incremental reductions in value for the years up to January 2020. The projects which start construction in 2017 will get 80% of the credit, those that qualify in 2018 will get 60%, and those in 2019 will get 40%. The PTC for wind facilities will be phased out completely if the construction starts after December 31, 2019. Thus, the wind power market is expected to see a huge rush of capacity additions during 2016-2019 to take the benefits of tax credit extensions before they expire.”

In terms of regional market share, China is set to continue its dominance of the sector throughout the forecast period, and will be responsible for 26% of the market in 2020, a long way ahead of second-place Germany, with 10%. To meet growing electricity demand, China has focused on increasing its installed capacity mainly from renewable energy sources and nuclear power plants.

Gupta continues: “Upgrading electricity infrastructure to meet future transmission and distribution demands will be a major challenge for wind power development. Existing grid infrastructure is deemed insufficient and there is an urgent need for modifications to be made to the existing grid and its regulations to accommodate for specific wind power characteristics. Indeed, the development of new grid infrastructure requires massive investment, in terms of financial resources and time, which could reduce the market’s medium-term growth.”
- Comments provided by Swati Gupta, Analyst covering Power.
- This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by a team of industry experts.
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